Zambia’s private sector activity expanded at the weakest pace in four months in December, survey data from IHS Markit showed Thursday.
The Standard Bank Purchasing Managers’ Index, or PMI, dropped to 52.9 in December from 54.7 in November. However, any reading above 50 indicates expansion in the sector.
The overall expansion in business activity was bolstered by further growth in new business.
“Despite the slower pace of improvement in the health of the private sector, December saw the fastest growth in employment in 3 months,” Victor Chileshe, Head of Global Markets at Stanbic Bank said.
The material has been provided by InstaForex Company – www.instaforex.com
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